Ethylene oxide (EO) prices in both the U.S. and Germany exhibited significant price stability in the first half of May xxxx, aided by balanced market fundamentals and limited fluctuation in upstream ethylene prices.
In the U.S., ethylene oxide prices remained stable at USD xxx/MT FOB US Gulf during the week ending May x. Despite a slight increase in feedstock ethylene prices, producers were able to maintain stable ethylene oxide prices by absorbing the increases, aided by sufficient inventories and smooth production operations. Demand from major downstream sectors that consume ethylene oxide such as surfactants and glycols was steady and balanced out the supply-demand curve.
The second week of May continued the stability trend, as ethylene prices plateaued, and ethylene oxide demand from mono ethylene glycol (MEG) and diethylene glycol (DEG) sectors remained subdued. Glycol ether demand, however, remained stable. Overall,...
